109-119 W Grand Avenue Melrose Park, IL $ 1,425,000
109-119 W Grand Avenue
$ 1,425,000
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109-119 W Grand Avenue

Melrose Park, IL, 60164
$ 1,425,000
Baths0.0 Sq 6,950

Monthly Estimate*

$ 9,954

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Studio

Commercial Property for sale in Melrose Park, IL

for $1,425,000. This 6,950 square foot building was built in 1961 on a lot size of 0.468251.

OPPORTUNITY KNOCKS! Discover an unparalleled investment opportunity in the heart of the bustling commercial district of unincorporated Melrose Park, Cook County. This fully leased strip mall is a true cash cow, strategically positioned on a highly trafficked, busy street boasting an extremely high vehicle count per day, ensuring constant visibility. Coupled with high foot traffic, it's a magnet for consistent consumer flow to its long-term tenants. Offering a solid 7 cap rate in an investor-friendly environment, this property not only promises attractive returns but also stands as a testament to stability and potential growth in a thriving market. Perfect for those seeking to expand their portfolio, this strip mall combines immediate cash flow with long-term value appreciation in a location that maximizes profitability and management ease. Seize this chance to anchor your investment in a vibrant community, reaping the benefits of Melrose Park's commercial vitality.

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Commercial Active

Price

$ 1,425,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 26,980

Style

Lot Size

0.468251

Year Built

1961

Town/City

Melrose Park

County/Region

Cook

MLS | Web ID

11978478

Features
General
Cooling Central Air Central Individual
Utilities Electric to Site Gas to Site Sanitary Sewer Water-Municipal
Possession Closing
Roof Membrane
Zoning COMMR
Construction Materials Brick Wood Frame
Year Built 1961
Electric Other
Stories 1
Township Leyden
Property SubType Strip Center
Tax Year 2022
County Cook
Net Operating Income 0
Insurance Expense 5216
Property Type Commercial Sale Retail/Stores
Status Active
Directions I-90W to I-90W take exit (2B) to Mannheim Road turn right on Grand Ave.
City Melrose Park
Total Units 6
MLS Area Melrose Park
Lot Size Square Feet 20397
Street Name Grand
Tax Annual Amount 26980
Additional Parcels Y/N N
Leasable Area 0
Days on Market 6
Lease Type Gross
Standard Status Active
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Exterior
Building Area Total 6950
Lot Dimensions AS PER SURVEY
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Alexander Realty Llc

Broker

david@alexanderrealty.com

Email

Affordability Calculator

$12,202
Per Month
82%
18%
0%
Monthly Principal & Interest
$9,954
Monthly Property Taxes
$2,248
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/14/2024$1,425,000 Listed Price

Map


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109-119 W Grand Avenue, Melrose Park, IL, 60164 is a Commercial Property for sale at $1,425,000 with 6,950 sqft and a lot size of 0.468251. 109-119 W Grand Avenue is a studio with 0.0 baths and was built in 1961. The property's zip code is 60164 which is in Melrose Park, IL